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Texas oil lease

Producing

VETO

Veto is an oil lease in Reeves County, Texas, operated by U.S. Energy Development Corp in the Wolfbone (Trend Area) field.

1 well

23,339bbl oil, last 12 months+201% vs prior year
Operator
U.S. Energy Development Corp
County
Reeves County
Field
Wolfbone (Trend Area)
RRC lease
08-48412

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
50,508 mcf
Oil in Jul 2026
184 bbl

Production by month

Oil output rose 201% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 201% over the last 12 monthsMonthly oil production and gas for VETO, Aug 2023 to Jul 2026. Oil output rose 201% over the last 12 months. 23,339 bbl in the 12 months through Jul 2026, against 7,765 bbl in the 12 months before.Last 12 months: 23,339 bblbbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 201% over the last 12 monthsMonthly oil production and gas for VETO, Aug 2023 to Jul 2026. Oil output rose 201% over the last 12 months. 23,339 bbl in the 12 months through Jul 2026, against 7,765 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jun 2025 the lease's gas goes to a transmission line instead of a processing plant

Flaring peaked at 15.8% of the gas in Aug 2023.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Jun 2025 the lease's gas goes to a transmission line instead of a processing plantShare of VETO gas by disposition code each month, Aug 2023 to Jul 2026. Since Jun 2025 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 15.8% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Jun 2025: plant to lineFlared 15.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jun 2025 the lease's gas goes to a transmission line instead of a processing plantShare of VETO gas by disposition code each month, Aug 2023 to Jul 2026. Since Jun 2025 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 15.8% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Jun 25: plant to lineFlared 15.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    99% · 50,095 mcf

  • Flared (4)

    0.8% · 413 mcf

0.8% of the gas flared in the last 12 months. 2 months above 3%.

Who has run this lease

The operator changed once, most recently in Apr 2025

Operators of this lease over timeCog Operating LLC, Jan 2020 to Mar 2025; U.S. Energy Development Corp, Apr 2025 to Jul 20262020202120222023202420252026Changed Apr 2025Cog Operating LLCJan 2020 to Mar 2025U.S. Energy Development CorpApr 2025 to now
Operators of this lease over timeCog Operating LLC, Jan 2020 to Mar 2025; U.S. Energy Development Corp, Apr 2025 to Jul 20262020202120222023202420252026Changed Apr 2025Cog Operating LLCJan 2020 to Mar 2025U.S. Energy Development CorpApr 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on VETO
API numberWell no.Status
42-389-352631301HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oryx Delaware Oil Transport LLCOilGathers100Apr 1, 2025–
Kinetik Holdings LPCasinghead gasBuys100Apr 1, 2025–
Kinetik Holdings LPCasinghead gasGathers100Apr 1, 2025–
Eagleclaw Midstream Ventures,llcCasinghead gasGathers100Oct 14, 2016Apr 1, 2025
Eagleclaw Midstream Ventures,llcCasinghead gasBuys100Oct 14, 2016Apr 1, 2025
Etp Crude LLCOilGathers100Oct 14, 2016Apr 1, 2025

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

313.23 acres on the newest permit

Permits for Veto
API numberWell no.Acreson the permit
42-389-352631301H313.23

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for VETO
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026U.S. Energy1841622042040$80.46$2.89
Jun 2026U.S. Energy1,3801,3572,2012,1929$84.81$3.15
May 2026U.S. Energy1,9192,0953,2963,24155$102.13$2.94
Apr 2026U.S. Energy9231,0051,7721,7720$100.32$2.77
Mar 2026U.S. Energy2,1502,2005,1075,03869$91.38$3.04
Feb 2026U.S. Energy2,1772,2555,9325,9320$64.51$3.62
Jan 2026U.S. Energy2,1172,2296,0845,952132$60.04$7.72
Dec 2025U.S. Energy2,4152,1696,3726,3720$57.97$4.26
Nov 2025U.S. Energy2,4882,4585,7025,7020$60.06$3.79
Oct 2025U.S. Energy2,5712,5294,9674,95512$60.89$3.19
Sep 2025U.S. Energy2,3102,3214,2964,2960$63.96$2.97
Aug 2025U.S. Energy2,7052,6324,5754,439136$64.86$2.91
Jul 2025U.S. Energy3,0143,0374,7374,7370$68.39$3.20
Jun 2025U.S. Energy63154,4834,43647$68.17$3.02
May 2025U.S. Energy00000$62.17$3.12
Apr 2025U.S. Energy00000$63.54$3.42
Mar 2025Cog Operating00000$68.24$4.12
Feb 2025Cog Operating00000$71.53$4.19
Jan 2025Cog Operating00000$75.74$4.13
Dec 2024Cog Operating056000$70.12$3.01
Nov 2024Cog Operating1,4631,7192,1202,1200$69.95$2.12
Oct 2024Cog Operating3,2252,8463,7193,7190$71.99$2.20
Sep 2024Cog Operating00000$70.24$2.28
Aug 2024Cog Operating00000$76.68$1.99
Jul 2024Cog Operating00000$81.80$2.07
Jun 2024Cog Operating00000$79.77$2.54
May 2024Cog Operating00000$80.02$2.12
Apr 2024Cog Operating00000$85.35$1.60
Mar 2024Cog Operating1,9302,0535,8975,8970$81.28$1.49
Feb 2024Cog Operating1,9531,9925,1865,1860$77.25$1.72
Jan 2024Cog Operating1,8962,1254,7234,7230$74.15$3.18
Dec 2023Cog Operating2,1801,8845,0465,0460$71.90$2.52
Nov 2023Cog Operating2,0531,9925,4385,313125$77.69$2.71
Oct 2023Cog Operating1,7311,8316,2806,2800$85.64$2.98
Sep 2023Cog Operating2,4092,2757,0285,9251,103$89.43$2.64
Aug 2023Cog Operating1,9212,0506,3925,3841,008$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

This lease belongs to

OperatorU.S. Energy Development CorpFieldWolfbone (Trend Area)CountyReeves County

U.S. Energy Development Corp in Reeves County

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Wolfbone (Trend Area) field

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